Crypto Bank Silvergate Reports $1B Net Loss in Q4 Amid Industry’s ‘Crisis of Confidence’
“Our mission has not changed,” said Silvergate CEO Alan Lane as the crypto bank announced hefty losses for Q4 2022.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Securitize Cuts Out Stablecoin Middlemen in Deal With Anchorage Digital Bank
Securitize now creates and redeems stablecoins directly with Anchorage Digital Bank, N.A., the two companies announced on Tuesday....
Polymarket Takes Ohio to Federal Court, Citing New CFTC Rules After Kalshi’s Appeals Loss
Polymarket US has sued Ohio’s attorney general and casino regulators in federal court, arguing that CFTC rulemaking from this mont...
Vantage and Rio Bank Use Tokenized Deposits for Loan Payment on Ethereum
Participate says principal and interest reached the receiving bank’s wallet in under three minutes, with loan balances and notices...
Fhenix Goes Live on Ethereum and Arbitrum, Letting Contracts Compute on Hidden Balances
On Ethereum, a wallet’s holdings are public by default: anyone with the address can see what it owns, what it trades and when. Fhe...
Metaplanet Wins Approval for 2,100 BTC Deal to Build Nasdaq Bitcoin Treasury Giant
Key Takeaways: All of the proposals related to Metaplanet’s 2,100 BTC investment were approved by Super League shareholders. Follo...
Three Companies Have Notified the SEC of Intention To Start Tokenized Stocks Trading
Bitcoin Magazine Three Companies Have Notified the SEC of Intention To Start Tokenized Stocks Trading Three companies have notifie...